CATL’s new EV battery with a range of 1,000 km may annoy Tesla – We tell you why

Tesla Inc may feel a little angry with Contemporary Amperex Technology Co Ltd (CATL), the world’s largest manufacturer of electric vehicle batteries. The Chinese company supplies most of the batteries for EVs produced at Tesla’s Gigafactory in Shanghai. CATL has a bond until 2025 with Tesla to supply battery to Tesla.

But Korean battery companies like LG Energy Solutions and Samsung SDI are investing considerable amounts in building an assembly line to manufacture Tesla’s unique 4680 cylindrical batteries. And Tesla itself has plans to halve the costs of the most expensive part of an EV by producing its own batteries.

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